A six-month run of increasing business at MGIC Guaranty Insurance Corp. came to an end last month. But delinquency maintained its improving streak — falling for the 14th consecutive month.
The Milwaukee-based company insured $2.2 billion in mortgages during September, according to monthly operational data released Monday by parent Mortgage Guaranty Insurance Corp.
Volume dropped from August, when mortgages insured amounted to $2.5 billion.
But MGIC lifted new business from a year earlier, when just $1.4 billion was written.
In the first nine months of this year, $17.2 billion in loans were insured.
The mortgage insurance company reported a delinquent inventory of 148,885 policies, retreating from 150,388 a month earlier and 180,894 a year earlier. The number has declined each month since July 2011, when 185,093 insured loans were past due.
Using an estimate of 1,031,372 policies in force, September’s delinquency rate was around 14.527 percent.
The rate fell from 14.581 percent in August and 15.848 percent in September 2011.
